Oklahoma § 68-500.30 - Deferred payment by vendors without eligible purchaser
Full text of Oklahoma Oklahoma Statutes § 68-500.30 — Deferred payment by vendors without eligible purchaser, with citation guidance and answers to common questions.
§ 68-500.30. Deferred payment by vendors without eligible purchaser
A. The final report required by Section 40 of this act shall be
accompanied by payment of the liability of the final month except as
otherwise provided in this section.
B. Any motor fuel vendor who possessed a license to sell motor
fuel at wholesale or at retail prior to the effective date of this
act who is ineligible to elect eligible purchaser status, or who
otherwise does not apply for or does not receive eligible purchaser
status under Section 23 of this act, may in the alternative elect to
make payment of the tax calculated pursuant to the final report
provided in Section 40 of this act if the tax is paid in two equal
installments beginning twelve (12) months after the effective date
of this act and subject to regulations promulgated by the
Commission.
C. If a person elects under subsection B of this section to
defer payment, the person shall not be eligible to claim eligible
purchaser status under Section 23 of this act for a period of
Oklahoma Statutes - Title 68. Revenue and Taxation
thirty-six (36) months following the election under subsection B of
this section.
Added by Laws 1996, c. 345, § 30, eff. Oct. 1, 1996.
Frequently Asked Questions About Oklahoma § 68-500.30
What does Oklahoma Statutes § 68-500.30 cover?
Section 68-500.30 ("Deferred payment by vendors without eligible purchaser") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 68-500.30?
A common citation format is "Oklahoma Statutes § 68-500.30" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 68-500.30 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.